Angeles Equity Partners and KJM Capital have invested in OBS Holdings, a provider of refrigerated transport services.
Supported by its 600 tractors, Freymiller provides equipment for food and other cold chain distribution partners.
“Angeles is excited to be investing in the freight logistics sector alongside industry veterans with a long history of building and leading trucking and logistics businesses,” said Sam Heischuber, principal at Angeles. “The transportation and logistics market has seen significant disruption from the COVID pandemic. We believe that specialty providers with scale, like Freymiller, stand to benefit from the current macroeconomic environment, as demand for refrigerated logistics continues to grow.”
Simpson Thacher & Bartlett LLP provided legal counsel to Angeles Equity Partners and KJM Capital. KPMG LLP provided transaction advisory services to Angeles Equity Partners and KJM Capital. Houlihan Lokey was financial advisor to Freymiller in the transaction, and McAfee & Taft was its legal advisor.